ATLANTA, Nov. 13 /PRNewswire/ -- Veracity Payment Solutions ("Veracity"), headquartered in Atlanta, Georgia, is pleased to announce that it has signed a multi-year processing alliance with SecureNet Payment Systems, LLC ("SecureNet"). In addition to the services agreement, Veracity will acquire a portion of SecureNet's merchant portfolio of approximately 1,500 retail locations. Through this alliance Veracity can now offer enhanced Internet processing solutions such as Electronic Invoicing, "Pinless" Debit and ACH processing. With this joint alliance, Veracity's merchant base will double in size to approximately 8,000 merchant locations nationwide including the state of Hawaii.

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"We are extremely excited about the present and future opportunities this alliance with Veracity will generate for SecureNet," said Marc Potash, chief executive officer with SecureNet. "Veracity's distribution leveraged with our product platform is a natural fit to excel in our global marketplace. We look forward to building strong and lasting relationship with Veracity."

"SecureNet has a proven track record of providing exceptional technology solutions in emerging markets," said Joseph Cohane, chief executive officer with Veracity Payment Solutions. "With SecureNet's innovation, we can now provide customized Internet-based applications into niche markets rapidly while protecting merchant and cardholder information. We are excited about the opportunity of jointly developing unique electronic payment solutions with Marc and their outstanding technical team."

Terms of the agreement were not disclosed.

About SecureNet Payment Systems

SecureNet Payment Systems is one of the most respected payment processing firms in the industry. The company's flagship services--SecureNet Virtual Terminal, SecurePoS(TM) and SecureVault(TM)--are used by financial institutions, independent sales organizations, payment processors, small- and medium-sized businesses as well as enterprise institutions all over the world. SecureNet offers businesses access to its award-winning processing platform and professional-level services. For more information, visit www.securenet.com for details.

About Veracity Payment Solutions

Veracity Payment Solutions is an aggressive growth company committed to the delivery of exceptional payment processing and information services. Veracity serves the merchant community, trade associations, community banks and Affinity partners by offering full service point-of-sale solutions, web-based reporting and management tools. Veracity is headquartered in Atlanta, Georgia, with its customer operations facilities in Aiken, South Carolina and Moline, Illinois. Visit www.veracitypayments.com for details.

SOURCE Veracity Payment Solutions

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